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. “We look for partners who can advise our customers who face increasing regulatory pressure, such as ASC 606 and IFRS 15, that demands improved revenue recognition, compliance and reporting,” he said, according to the release.
Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.
SASB’s parent organisation, The Value Reporting Foundation, will consolidate into the IFRS Foundation on Aug. In addition, 70% of global companies that engaged a professional accountingfirm to perform the ESG assurance engagement chose the firm that audits their financial statements, IFAC observed.
For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15. In other situations, delivering holistic solutions requires a multi-partner collaborative approach.
Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.
1 is, of course, the traditional route, which a lot of people follow and go through one of the accountingfirms, and, typically, they go through audit related activities. If you think about the profession, you know, any one of the, let’s say, top 10 accountingfirms globally, they think about Assurant.
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